SGT Chart Book

sgt_chartbook

XAGUSD Daily Bar Chart

Silver testing trendline resistance area around 24.10/15 level. This is the 4th touch of a well-defined series of lower highs.

US 10-Year Daily Bar Chart

Last week rates bounced off the low seen after the mini banking crisis, and we continue to trade within the confines of the daily down channel identified last week.

EURGBP 4-hour Bar Chart

This cross has traded in a range of 0.8980/0.8725 since the start of the year. What’s going to be the catalyst to break this out of the range? The chart identifies some short-term areas of support and resistance - 0.8770 initial base and 0.8820 offers some resistance.

USA 500 Daily Bar Chart

Equity markets continue to grind higher, with the SP500 breaking above the 4050-resistance zone on Friday last week. Top side initial targets are the previous top around 4200 level. MACD has turned up and is supportive of potentially further gains.

AUDUSD 4-hour Bar Chart

After a near 61.8% Fib retracement from the rally 0.6170 to 0.7160 at around the 0.6550 mark. The Aussie has traced out a short-term upsloping channel that can provide a bit of reference when looking at support and resistance levels.

USDCAD 4-hour Bar Chart

The “Loonie” as it is better known in the markets, (derived from Canada’s $1 coin, which has a picture of a common Loon (a bird) on the back side. The chart shows an uptrend with higher lows being put in place on the 4-hour chart below. Trendline support can be seen at around the 1.3420/30 level. Short term traders can keep an eye on this level for potential trading opportunities.

Disclaimer

Trading Desk Observations are not trade recommendations. The purpose of these charts is to bring to your attention potential chart patterns you may wish to monitor.

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

sgt_chartbook

SGT Chart Book 10.06.24

sgt_chartbook

SGT Chart Book 03.06.24

sgt_chartbook

SGT Chart Book 27.05.24

sgt_chartbook

SGT Chart Book 20.05.24

sgt_chartbook

SGT Chart Book 13.05.24

sgt_chartbook

SGT Chart Book 06.05.24

sgt_chartbook

SGT Chart Book 29.04.24

sgt_chartbook

SGT Chart Book 22.04.24

sgt_chartbook

SGT Chart Book 15.04.24

sgt_chartbook

SGT Chart Book 08.04.24

sgt_chartbook

SGT Chart Book 01.04.24

sgt_chartbook

SGT Chart Book 25.03.24